A Good Zone is Hard to Find
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|Madison Apartment Group prez/CEO Joseph Mullen, seen here among a line of hard hats and shovel-holders, tells us that despite increased demand, barriers to entry remain high in the Philadelphia apartment market, particular in the suburbs. “Entitled land in good locations is hard to find, while rezoning land to allow apartment development also remains challenging,” Joseph says. So much the better for Madison Apartment Group, since it was able to get over those barriers and break ground recently on Madison New Britain, a 232-unit apartment property in Chalfont.|